Report of Foreign Issuer (6-k)
28 Februar 2019 - 3:55PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the
month of
February
2019
Commission
File Number:
000-52145
DIGATRADE FINANCIAL CORP
(Translation
of registrant's name into English)
1500 West Georgia Street, Suite 1300
Vancouver, BC V6G-2Z6
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
[
X
] Form
20-F [ ] Form 40-F
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(1): [
]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by Regulation S-T Rule 101(b)(7): [
]
Indicate
by check mark whether by furnishing the information contained in
this Form, the registrant is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes
[
]
No [ x ]
If
"Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b):
000-52145
SUBMITTED HEREWITH
DIGATRADE EXECUTES DEFINITIVE AGREEMENT TO DEVELOP MORE SECURE
FINTECH WITH SECURTER INC.
Vancouver, British Columbia / ACCESSWIRE / February 28, 2019
-
DIGATRADE
FINANCIAL CORP
(OTCQB: DIGAF),
an OTC digital asset trade desk for institutions and financial
technology company, has executed its anticipated Definitive
Agreement (“DA”) with Securter Inc., a private Canadian
Corporation that is developing a proprietary, patent-pending credit
card payment platform to significantly increase the security of
online credit card payment processing. Securter technology reduces
immense losses by financial institutions and merchants that arise
from fraudulent credit card use and protects cardholder privacy by
eliminating the distribution of personal information to third
parties. With the current worldwide surge in online commerce
expected to continue for years to come, the problem of credit card
security is large and growing. The Definitive Agreement with
Securter sets out that Securter’s technology will be launched
and commercialized as a Digatrade subsidiary.
Securter’s technology and conceptual innovations for online
payment processing are numerous. They improve the financial
security and privacy of all “card-not-present” (CNP)
credit card transactions that are processed by participating
financial institutions and merchants. Card-not-present transactions
represent a large and rapidly growing proportion of all global
credit card commerce due to the consumer convenience of online
payments. Securter’s technology has multiple elements by
which to tackle mounting online losses in the credit card payment
processing industry.
The Definitive agreement authorizes the formation of a new
Digatrade subsidiary to receive and hold all existing Securter
assets and intellectual property, including existing and future
patent rights of the present Securter Inc. The subsidiary will have
its own dedicated management.
Under the agreement, Digatrade will fund its new subsidiary up to
US $3 Million in operational financing. This will enable the
subsidiary to make its technology market-ready for launch through
alliances with established payment service providers and other
fintech industry channels. Securter prototype research and
consultation with the industry has confirmed the need for the
benefits that Securter technology delivers. The international
payments processing industry is actively seeking solutions for the
serious problem that CNP fraud represents. Securter’s better
security with lower cost and improved convenience make adoption of
Securter technology a natural choice for these industry partners.
Securter will monetize its technology by sharing credit card
transaction-fee revenue with participating processors.
ABOUT DIGATRADE:
DIGATRADE is a Financial Technology “Fintech” company
that offers buyside digital asset transactions to institutions
through its proprietary over-the-counter trade desk. The Company
recently executed an agreement with Securter that is developing a
proprietary, patent-pending credit card payment platform to
significantly increase the security of online credit card payment
processing. Digatrade Financial Corp., located in Vancouver,
British Columbia is publicly listed on the OTC.QB under the trading
symbol DIGAF. DIGAF is a reporting issuer in the Province of
British Columbia, Canada with the British Columbia Securities
Commission "BCSC" and in the United States with the Securities
Exchange Commission "SEC".
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
|
|
Digatrade
Financial Corp
(Registrant)
|
|
|
|
|
|
|
|
Date: February 28,
2019
|
By:
|
/s/
Brad J.
Moynes
|
|
|
|
Name:
|
Brad J.
Moynes
|
|
|
|
Title:
|
CEO
|
|
Digatrade Financial (CE) (USOTC:DIGAF)
Historical Stock Chart
Von Dez 2024 bis Jan 2025
Digatrade Financial (CE) (USOTC:DIGAF)
Historical Stock Chart
Von Jan 2024 bis Jan 2025
